In the current bullish market, investors are increasingly turning to meme coins for quick profits rather than sticking to blue-chip cryptocurrencies. This shift in preference highlights the growing interest in meme-based assets.

CoinPedia's technical expert has underscored the potential for Shiba Inu (SHIB), the second-largest cryptocurrency meme, to experience a significant rally. The analysis suggests that SHIB could see a 30% increase in its value due to upcoming favorable market conditions and heightened momentum.

With the spotlight on Shiba Inu, traders and investors are watching closely for any signs of upward movement. The technical evaluation of SHIB's performance suggests that it is set for an impressive phase of growth in the immediate future, making it an attractive prospect for those looking to capitalize on meme coin trends.